Debt and development crises in Latin America: the end of an illusion

In the early 1980s, widespread debt crises erupted simultaneously in most Latin American countries. This book examines the link between these debt problems and a more profound and longer-term growth and development crisis, both in Latin America and in the industrialized countries. The authors argue that the debt and development crises have common origins and causes and propose measures to treat both crises, including fundamental changes in the policies of developed countries, the international financial system, and national development strategies of the developing countries, and a radical solution to the debt problem.

About the author (1986)

Jose Antonio Ocampo is the UN Under-Secretary General for Economic and Social Affairs. Jan Kregel was Chief of the Policy Analysis and Development Branch of the Financing For Development Office in the Department of Economic and Social Affairs (DESA) in the United Nations Secretariat. Stephany Griffith-Jones is Professorial Fellow at the Institute of Development Studies at the University of Sussex, and worked at DESA in 2005.

Bjorne Hettne is Professor at the Department of Peace and Development, Goteborg University. Andras Inotai is Director-General of the Institute for World Economics, Budapest. Osvaldo Sunkel is Professor of Economics, and Coordinator of the Sustainable Development Program, Centro de Analisis e Politicas Publicas, Universidad de Chile.